Halfords Group (HFD)

Sector:

Retailers

Index:

FTSE Small Cap

132.40p
   
  • Change Today:
    -3.40p
  • 52 Week High: 233.20
  • 52 Week Low: 131.00
  • Currency: UK Pounds
  • Shares Issued: 218.93m
  • Volume: 581,358
  • Market Cap: £289.86m
  • RiskGrade: 239
  • Beta: 1.42

Halfords revenues underpinned by 'needs-based' categories

By Michele Maatouk

Date: Wednesday 06 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Retailer Halfords reported a jump in revenues on Wednesday, underpinned by demand for motoring services.
In the 20 weeks to 18 August, total revenue rose 14.1%, driven by "needs-based" categories, with autocentres sales and retail sales up 34.6% and 3.7%, respectively.

Like-for-like revenues were up 7.8%, with autocentres up 16.6% and retail 3.4% higher, despite unfavourable weather throughout Spring and July to August.

Within the retail segment, Halfords said needs-based products and services drove strong motoring LFL sales growth of 7.5%. However, the more discretionary areas of cycling, car cleaning and touring were hit by unfavourable weather and low consumer confidence.

LFL sales in cycling, which now only represents 25% of total revenue, were down 2.7%.

Chief executive Graham Stapleton said: "It's been a good start to the year for Halfords, and our ongoing focus on essential maintenance and servicing is driving a strong performance in our autocentre and retail motoring business. Group motoring, which now accounts for over 75% of our total sales, is a resilient sector and we're progressing with our long-term plans to become a one-stop-shop for motoring ownership."

Halfords said trading has been in line with expectations and full-year underlying pre-tax profit is set to be between £48m and £58m, versus consensus expectations of £51m to £57.7m.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Halfords Group Market Data

Currency UK Pounds
Share Price 132.40p
Change Today -3.40p
% Change -2.50 %
52 Week High 233.20
52 Week Low 131.00
Volume 581,358
Shares Issued 218.93m
Market Cap £289.86m
Beta 1.42
RiskGrade 239

Halfords Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.73% above the market average35.73% above the market average35.73% above the market average35.73% above the market average35.73% above the market average
41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average41.46% above the sector average
Price Trend
53.86% below the market average53.86% below the market average53.86% below the market average53.86% below the market average53.86% below the market average
71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average71.43% below the sector average
Income
18.54% above the market average18.54% above the market average18.54% above the market average18.54% above the market average18.54% above the market average
40% below the sector average40% below the sector average40% below the sector average40% below the sector average40% below the sector average
Growth
60.49% below the market average60.49% below the market average60.49% below the market average60.49% below the market average60.49% below the market average
28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average28.57% below the sector average

What The Brokers Say

Strong Buy 2
Buy 0
Neutral 1
Sell 1
Strong Sell 1
Total 5
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Halfords Group Dividends

  Latest Previous
  Final Interim
Ex-Div 08-Aug-24 14-Dec-23
Paid 13-Sep-24 19-Jan-24
Amount 5.00p 3.00p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 169,624 @ 132.40p
16:35 3,890 @ 132.40p
16:35 2,150 @ 132.40p
16:35 1,017 @ 132.40p
16:35 1,675 @ 132.40p

Halfords Group Key Personnel

CEO Graham Stapleton
CFO Jo Hartley

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